geico. just click away with our free mobile app. >>> the next treasury secretary will be charged with implementing two hugely important aspects of the president's agenda. defending entitlements against republican attacks and properly policing wall street. and according to the president this afternoon, jack lew is just the man for the job. >> i trust his judgment, i value his friendship, i know very few people with greater integrity than the man to my left and so i don't want to see him go because it's working out really well for me to have him here in the white house, but my loss will be the nation's gain. >> joining us now is jonathan alter, a columnist for the bloomberg view, and in washington jared bernstein, a senior fellow at the center on budget and policy priorities. welcome to you both. john, congratulations on a very severe haircut which i must confess i approve of. >> hard to respond to that. >> well, don't. i have been reading a lot about mr. lieu, it seems he's either a socialist